Question

Choose the correct answers. Bill Campbell gets a student rate for medical insurance of $25.00 a month. There is a $250 deductible. He recently received treatment for a covered condition. The bill was $2,350.00 Bill's insurance company provided payment of 80% of the bill less the deductible.

A)What was the insurance company's payment?
B)What was Bill's share of the charge? $

Answer 1

You take the bill amount, and multiply that by .80

Then, you subtract the $250 deductible. That's what the insurance paid.

You take the amount the insurance paid, subtract it from the total bill, and that's what Bill paid.

Answer 2

A : $1680

B : $670

Explanation:

Bill Campbell gets a student rate for medical insurance of $25.00 a month.

The yearly amount is =
`12*25=300` dollars

There is a $250 deductible. (This is to be paid by Bill)

The bill was $2,350.00

Bill's insurance company provided payment of 80% of the bill less the deductible.

Hence, the company paid
`(2350-250)*0.80=1680` dollars.

Bill's share can be calculated as :

`2350-1680=670` dollars